PTTEP: Bright 2022 Outlook from Sales Growth & Rising Oil Price
Last week analyst meeting came out in a positive tone. The improving sales volume and rising oil price should aid the earnings momentum in 1Q22 and...
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PTTEP: Solid Earnings Performance Hit by Impairment Loss
We expect PTTEP to post a solid 4Q21 net profit of Bt9.7bn (+283% YoY, +2% QoQ). •Excluding the impairment loss of US$200m (Mozambique, Yetagun...
259 Views
PTTEP: Prudent Growth in 2022-26 from 5.0% CAGR Sales
We have a positive view on the 5-year investment plan (2022-26) revealed by PTTEP yesterday. The 5% CAGR sales growth and crude oil price at high...
241 Views
PTTEP: High Crude Oil Price to Support 4Q21-2022 Earnings Momentum
Last week analyst meeting came out in a positive tone, given the healthy crude oil price will place average selling price at high levels and push...
194 Views
PTTEP: Healthy Selling Price and Sales Volume Drove 3Q21 Earnings
PTTEP reported 3Q21 net profit of Bt9.5bn (+33%YoY, +34%QoQ). The earnings came out inline with our expectation. We maintain the BUY rating with a...
171 Views